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Most popular residential product

5 year fixed rate,
F1 5 year fixed, 65% LTV, 3.24%
Most recent update to our residential range
We have repriced our residential range, with reductions up to 70bps. Our F2 tier has been opened up to 85% LTV, with F3 now up to 80% LTV. First time buyers can now access almost all of our residential products with no need for specific products.
Download Product Guide

Income considered

Criteria that applies to all applicants

  • Up to 100% of bonus and/or commission accepted
  • 100% Personal and state pension income
  • 100% Investment income
  • 100% Net rental income
  • 100% Maintenance income (court order)
  • 100% Maternity and paternity income
  • 100% Trust income
More acceptable income for extra-ordinary clients.

Example borrower case studies

Maximise income

Find out how we can help your clients like Trevor and Pam
Read More >

Self-employed directors with retained profits

Richard and Julie's story
Read More >

Unusual sources of income

Simon uses investment income to realise a life-long dream
Read More >

Low credit score

Even with a low score, buyers like Sean can access the property ladder
Read More >

Multiple income sources

How we help clients like Tom and Andy utilise more of their income types
Read More >

Credit blips

Nikki's credit history may not meet mainstream criteria but we can help
Read More >

Recently self-employed

How our bespoke approach to each case can help your self-employed customers
Read More >

Furlough

Rajesh, Deepa, and son Rakesh, are looking to buy together after one has returned to work from furlough
Read More >

Key criteria

Who for?

  • Self-employed – directors, partners and contractors; retained profits considered
  • Employed - no minimum term in current job (minimum 3 months employed)
  • Clients with multiple and unusual income sources
  • Holders of credit blips / lower credit scores - view our criteria tiers
  • First time buyers
  • Discover more about which extra-ordinary clients we can help you with here

How much?

  • Maximum loan £2m
  • Maximum term 40 years
  • Maximum age 75 at end of term
  • No minimum income
  • Maximum number of applicants is 4 (immediate family)

What for?

  • Capital and repayment mortgages up to 90% LTV
  • Interest only, affordability calculated on an interest only basis up to 70% LTV
  • Capital raising for buy to let purchase accepted
  • A part and part mortgage up to 80% LTV

What would you like to do next?

Download our residential product guide

Download

Gain a decision for your own client

Submit a DIP

Register with Foundation

Register

Find out how much your client could borrow

Calculate

​

Our credit tiers explained

 

We consider clients with blips on their credit rating and other credit score declines. Our residential mortgages are split into three tiers, F1, F2 and F3. Please use the table below to see which tier your client with a credit blip would fit into.

F1 Product F2 Product F3 Product
Defaults & CCJs

All defaults and CCJs must be satisfied irrespective of when they occured, unless otherwise stated

CCJs
0 in 36

All CCJs must be fully satisfied at the time of application

Defaults
0 in 36

Defaults within the last 36 months are considered but only where the cumulative value is below £250 and relates to mail order, comms and utilities

Mortgage arrears
0 in 36
Credit cards, Mail Order, Comms & Utilities

Worst status of 2 per account in the last 36 months with 0 in the last 12 months

Unsecured loan arrears
0 in 36 months
Bankruptcy & IVAs

None registered against any borrower

Defaults & CCJs

All defaults and CCJs must be satisfied irrespective of when they occurred, unless otherwise stated

CCJs
0 in 24

1 unsatisfied (if older than 24m) to the value of £200 otherwise must be satisfied at application

Defaults
0 in 24

Defaults within the last 24 months are considered but only where the cumulative value is below £250 and relates to mail order, comms and utilities

Mortgage arrears
0 in 36 months
Credit cards, Mail Order, Comms & Utilities

Up to date on application Worst status of 2 per account in the last 24 months

Unsecured loan arrears

Up to date on application Worst status of 1 per account in the last 24 months

Bankruptcy & IVAs

None registered against any borrower

Defaults & CCJs

All defaults and CCJs must be satisfied irrespective of when they occurred, unless otherwise stated

CCJs
0 in 12

1 unsatisfied (if older than 12m) tot he value of £200 otherwise must be satisfied at application

Defaults
0 in 12

Defaults within the last 12 months are considered but only where the cumulative value is below £250 and relates to mail order, comms and utilities

Mortgage arrears
0 in 36 months
Credit cards, Mail Order, Comms & Utilities

Up to date on application Worst status of 2 per account in the last 12 months

Unsecured loan arrears

Up to date on application Worst status of 2 per account in the last 24 months

Bankruptcy & IVAs

Bankruptcy discharged or IVAs satisfied 3 or more years ago are considered

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© 2018 Foundation Home Loans is a trading style of Paratus AMC Limited. Registered Office: No.5 Arlington Square, Downshire Way, Bracknell, Berkshire RG12 1WA.

Registered in England with Company No. 3489004. Paratus AMC Limited is authorised and regulated by the Financial Conduct Authority.

Our registration number is 301128.
Buy to let mortgages are not regulated by the Financial Conduct Authority.
Calls may be monitored and recorded.

The Financial Ombudsman Service is an agency for arbitrating on unresolved complaints between regulated firms and their clients. Full details of the FOS can be found on its website at www.financial-ombudsman.org.uk

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